Answer:
The effective annual interest rate is 7.02%.
Explanation:
The effective annual rate can be computed using the following formula:
EAR = ((1 + (i / n))^n) - 1 .............................(1)
Where;
i = Stated coupon rate = 6.90%, or 0.069
n = Number of compounding periods in a year = 2
Substituting the values into equation (1), we have:
EAR = ((1 + (0.069 / 2))^2) - 1
EAR = 1.07019025 - 1
EAR = 0.07019025, or 7.019025%
Approximating to 2 decimal places, we have:
EAR = 7.02%
Therefore, the effective annual interest rate is 7.02%.
Answer:
what do you need help with
Explanation:
<span>Support for the North American Free Trade Agreement (NAFTA) reflected the United States commitment to globalization.
</span>Globalization is the methodology by which businesses and organizations develop an international influence on a world scale.<span> </span>
Answer:
$37,200
Explanation:
In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
where,
Total assets = Cash + accounts receivable + supplies + equipment
= $25,500 + $7,800 + $1,150 + $12,600
= $47,050
And, the total liabilities is equal to the account payable i.e $9,850
So, the stockholder equity would be
= $47,050 - $9,850
= $37,200
Answer:
The existence of the secondary market makes their stock more liquid and the price in the secondary market sets the price that the corporation would receive if they choose to sell more stock in the primary market.
Explanation: